Overview
Private commercial bank that began operations in 2022. Total assets reached Birr 10.1 billion as of 30 June 2025.
Revenue grew 86.9% to ETB 2,161.6 million and net profit rose to ETB 399.4 million from ETB 90.9 million; total assets reached ETB 10,052.4 million.
SourceETB 2.16B
ETB 399.39M
ETB 10.05B
SourceETB 1.66B
Performance
Income statement
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Revenue | ETB 25.3M | ETB 146.54M | ETB 1.16B | ETB 2.16B |
| Interest Income | ETB 21.7M | ETB 29.93M | ETB 371.64M | ETB 852.32M |
| Total Expenses | ETB 44.96M | ETB 414.13M | ETB 1.04B | ETB 1.66B |
| Net Profit | -ETB 19.66M | -ETB 193.68M | ETB 90.9M | ETB 399.39M |
| Fee And Commission Income | ETB 12K | ETB 96.13M | ETB 686.8M | ETB 942.74M |
| Net Gain On Foreign Exchange | ETB 3.54M | ETB 19.55M | ETB 89.06M | ETB 343.74M |
| Other Operating Income | ETB 43K | ETB 927K | ETB 8.8M | ETB 22.85M |
| Fee And Commission Expense | ETB 726K | ETB 3.42M | ETB 7.58M | ETB 37.16M |
| Personnel Expenses | ETB 15.23M | ETB 193.47M | ETB 489.98M | ETB 626.37M |
| Depreciation Amortization | ETB 17.96M | ETB 90.76M | ETB 191.46M | ETB 230.44M |
| Other Operating Expenses | ETB 11.04M | ETB 104.75M | ETB 158.63M | ETB 195.57M |
| Profit Before Tax | -ETB 19.66M | -ETB 267.59M | ETB 119.96M | ETB 502.14M |
| Interest Expense | — | ETB 21.54M | ETB 188.34M | ETB 479.16M |
| Impairment Charges | — | ETB 187K | ETB 355K | ETB 90.81M |
| Income Tax Expense | — | -ETB 73.92M | ETB 29.06M | ETB 102.75M |
Balance sheet
| Fiscal year | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|
| Total Assets | ETB 633M | ETB 3.1B | ETB 6.42B | ETB 10.05B |
| Equity | ETB 508.4M | ETB 489.29M | ETB 993.5M | ETB 1.5B |
| Total Deposits | — | ETB 2.03B | ETB 4.66B | ETB 7.88B |
| Total Loans | — | ETB 924.65M | ETB 1.76B | ETB 4.34B |
Financial health
Competitors
Peer institutions in the same sector, latest fiscal year.
Commercial Bank of Ethiopia
state-owned-commercial-bank
Net profit · 2017EC
ETB 38.71B
Awash Bank
private-commercial-bank
Net profit · 2018EC
ETB 29.34B
Dashen Bank
private-commercial-bank
Net profit · 2018EC
ETB 11.8B
Global Bank Ethiopia
private-commercial-bank
Net profit · 2017EC
ETB 756.63M
Addis International Bank
private-commercial-bank
Net profit · 2018EC
ETB 1.35B
Wegagen Bank
private-commercial-bank
Net profit · 2018EC
ETB 3.15B
Bank of Abyssinia
private-commercial-bank
Net profit · 2018EC
ETB 11.54B
Nib International Bank
private-commercial-bank
Net profit · 2017EC
-ETB 2.98B
Zemen Bank
private-commercial-bank
Net profit · 2018EC
ETB 6.75B
Bunna Bank
private-commercial-bank
Net profit · 2018EC
ETB 2.42B
Cooperative Bank of Oromia
private-cooperative-bank
Net profit · 2018EC
ETB 6.14B
Oromia Bank
private-commercial-bank
Net profit · 2018EC
ETB 2.84B
Lion Bank (Anbessa)
private-commercial-bank
Net profit · 2017EC
ETB 1.43B
Abay Bank
private-commercial-bank
Net profit · 2018EC
ETB 4.55B
Berhan Bank
private-commercial-bank
Net profit · 2017EC
ETB 2.1B
Tsehay Bank
private-commercial-bank
Net profit · 2017EC
-ETB 271.4M
Sidama Bank
private-commercial-bank
Net profit · 2017EC
ETB 72.31M
Amhara Bank
private-commercial-bank
Net profit · 2017EC
ETB 592.33M
Development Bank of Ethiopia
state-owned-development-bank
Net profit · 2017EC
-ETB 6.84B
Gadaa Bank S.C.
private-commercial-bank
Net profit · 2018EC
ETB 759.23M
Goh Betoch Bank
private-commercial-bank
Net profit · 2017EC
ETB 65.53M
Hibret Bank
private-commercial-bank
Net profit · 2018EC
ETB 4.02B
Hijra Bank
interest-free-bank
Net profit · 2017EC
ETB 488.68M
Shabelle Bank
interest-free-bank
Net profit · 2017EC
ETB 20.95M
Siinqee Bank
private-commercial-bank
Net profit · 2017EC
ETB 3.35B
Siket Bank
private-commercial-bank
Net profit · 2017EC
ETB 1.24B
ZamZam Bank
interest-free-bank
Net profit · 2018EC
ETB 1.07B